Quote:
Originally Posted by MidWestIA
If we are living here why would we care about this? Might as well tell me how many cars are sold I don't want that either
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Some insight for you... many Villagers, in their wisdom, leveraged their bets by putting a mortgage on their homes and invested money in the "never fail" stock market. There are also many homeowners in The Villages who invested in the housing market here and own many homes.
If prices drop too much, many people will be upside down on their homes with the mortgage higher than the value of the home. Mortgage repayment failures equal nonpayment of amenity fees, taxes and general downturn in The Villages where you live. The whole picture of success of The Villages is dependent on a viable economy and not financial failure.